Trading Ideas
Tue, 28 Mar 2017 17:55:30 -0500
This is the short on Gold i had been waiting for, it may well play out Wednesday 29 March on announcement of Article 50, it will trigger a lot of situations that as a market watcher you would have noticed by now, if im wrong im buying everyone pizza who views this
XAUUSD looking for high
Tue, 28 Mar 2017 16:20:29 -0500
XAUUSD tehnical look This Metal show very possible higher level araound 1290 where we looking for long term shrt position. XAUUSD is now on 1250 level wehre found strong S/R but we looking for short term buy position. Long position TP:1290 After this level looking for short position.
Gold Silver Ratio could be poised to fall
Tue, 28 Mar 2017 15:35:37 -0500
Gold Silver Ratio (GSR) has indicated for a few years now that silver looks undervalued compared to gold. It is often claimed that the actual ratio of these two physical elements in the earth's crust is akin to 15 silver ounces per 1 gold ounce, however price at the moment values 1 gold ounce as nearly 70 silver ounces! Could this be about to change£ GSR is currently jammed up near the top of its range however last year appeared to break down from the rising channel it had been in. Now it is in a wedge which shares some similarities with a wedge in 2010. That time silver went on a huge run, almost to new all time high and drove the GSR all the way to the bottom of this large channel. Could this be about to repeat£ If so silver will have a very good year this year, and perhaps finally new all time high. I marked this as neutral however I would regard it as long silver, short gold, (against each other).
Break of trend line supports USD
Tue, 28 Mar 2017 13:38:41 -0500
The trendline break is a nice setup for shorts now, either enter and await for the two missed monthly pivots below or await for a slight retracement before entering short. Stops above the trendline around 1254 and target 1 = 1242.5 target 2 = 1220
Another leg down in GOLD
Tue, 28 Mar 2017 13:17:22 -0500
As per my prior post regarding the gold miners I linked (which are usually the first to show their hand), gold has hit a double-top to retest the highs of the .618 retracement from the prior high. I believe you have a great opportunity to enter at a great risk/reward level here. Dollar is bouncing off a major support now, and this is where I see gold going. Best of luck in your trading!
Shorting Oppurtunity £££
Tue, 28 Mar 2017 12:18:46 -0500
Currently believe we are correcting downwards now. (A larger Wave "2") before we proceed upwards. Looking at the 1236.00 price for this to end. Will probably be a bumpy road down. Meanwhile looks like a good shorting oppurtinty to 1248.00 area. An ABC where AB=CD.
Tue, 28 Mar 2017 11:54:06 -0500
GOLD - Five waves completion: Potential correction development.
Tue, 28 Mar 2017 11:25:55 -0500
Follow the price!
GOLD / Wishful thinking
Tue, 28 Mar 2017 09:18:01 -0500
Honestly, every single recalculation shows one damn bull in the background. If pyramid works out and gold drops it will lead to heavy buying afterward. We have possible monthly breakouts, now the 2nd one with bullish accumulation target 1277 and 1304. If we get a drop, buy gold. I would not be surprised to see an extended leg up now around or above previous high 1263ish before the drop. Common thing after a breakout. Wishful thinking, though, but sequence I would like to see is down from here to 1225-1220 ( extended 1214 ) and back up.
Tue, 28 Mar 2017 08:45:29 -0500
GOLD trade the break
GOLD 1280 bulls tired add on later££ 1450 we seeing££
Tue, 28 Mar 2017 07:41:07 -0500
Has a chance of reaching 1450 area Why Long£ People may have switched longs because hiking rates means stocks to fall so switched gold longs GOOD£ (Generally the agreed principle.) USA dont want to push for a stronger dollar now it seems. Fair Trade as Trump Calls it. JPY authorities have been unloading USA Debt as I saw in an article. So yen becomes stronger and UJ kept short biased eventually some help in hand for GOLD bulls.
Tue, 28 Mar 2017 07:08:47 -0500
Possible long.
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